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The South Sea Company - What Is It?
The south sea bubbles did not appear to have caused a long term recession or depression in britain. The company sold most of its rights to the spanish government in 17 50. For a while, the company moved into whaling, but eventually it mostly retained only its purpose for managing governmental debt. A listener mail from Emily sas high: "I experienced emotional whiplash when that episode came out, thinking you'd finally done an episode on my lost battalion"